Excerpt from: Financial Spread Betting Strategies
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| November 01, 2007 | | Watch for strength in the Aussie | The Australian dollar is doing well right now, thanks to the Fed rate cut and soaring commodities prices. When involving a commodity currency, like the Aussie, in your financial spread betting strategy, it is important to keep an eye on commodity prices. The Sydney Morning Herald reports on the Australian dollar:
The Australian dollar punched above 93 US cents on Thursday
after an interest rate cut by the United States Federal Reserve
made Australia's wide interest rate differential with that country
look even more attractive. | | |
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